Finance News Oil & Gas

Scirocco Energy plans to sell interest in EAG

Scirocco Energy plc plans to sell its interest and investment in Energy Acquisitions Group Ltd (EAG) for £2.6 million plus contingent consideration of up to a further £150,000. SHAREHOLDERS The sale, related to anaerobic digestion sites, is to OrbeNovo Sponsor LLP. Scirocco said that the growth of EAG was “heavily dependent” on more investment but […]

News Oil & Gas

Scirocco notes seismic award for Kiliwani North

Scirocco Energy plc announced the award of the seismic acquisition programme covering 200km2 at the Kiliwani North gas development licence (KNDL), onshore Tanzania. RESERVOIR DEFINITION The company holds a legacy 8.39% non-operated working interest in the licence. African Geophysical Services LLP (AGS) will conduct the seismic to include the adjacent Songo Songo licence with a […]

News Oil & Gas

Scirocco reports progress for Ruvuma and Kiliwani North

Scirocco Energy plc reported operational progress at its gas interests at Ruvuma and Kiliwani North in Tanzania. RUVUMA The company holds a 25% non-operated interest on the Ruvuma production sharing agreement. Operator ARA Petroleum Tanzania Ltd (APT) is directing a seismic acquisition programme and preparations to drill the Chikumbi-1 (CH-1) well.   APT has also […]